Gus Machado School of Business

 

Master of Accounting

Specializations

General
Forensic Accounting
Taxation

The Master of Accounting degree program provides the student with intensive professional preparation in accounting and with an opportunity to specialize in Taxation or Forensic Accounting. The program is designed to enhance the professional development and competence of students and professionals who are planning to enter public accounting, public institution accounting, or private accounting.

St. Thomas University’s Master of Accounting makes emphases on the critical thinking skills in the accounting of corporations. Students will gain the expertise they need to consult for organizations with a leader’s perspective.

CAREER LANDSCAPE

 A Master of Accounting provides the knowledge to obtain a higher-level position. Some of the job titles in this field include, Chief Financial Officer, Financial Controller, Accounting Supervisor, Tax Manager, Finance Manger, Finance Director, Operations Manager, Tax services manager.

 

  • Accounting professionals salary with a masters degree can reach $135,000.
  • The Bureau of Labor Statistics established a projection of 140,300 new accounting and auditing jobs by 2026.
  • According to information from Graduate Management Admission Council, 45% of 545 employers plan to hire Master of Accounting graduates.

PROGRAM HIGHLIGHTS

 

  • Average class size of 15 persons.
  • Business Courses that help accelerate to management careers
  • Professors with vast experienced in the business and accounting fields.
  • Opportunities to develop leadership skills in the evolving marketplace.

Featured Professors


Career Opportunities

  • Internal Revenue Service
  • Federal Bureau of Investigation
  • Forensic Accountant

Curriculum

MASTER OF ACCOUNTING - General 30 credits

Accounting                                                                                                                      15 credits

ACC 502        Advanced Auditing (3)                                                  

ACC 503        Management Accounting II - Cost Analysis (3)                    

ACC 504        Advanced Accounting Information Systems (3)                     

ACC 505        Advanced Taxation (3)                                                 

ACC 508        International Financial Reporting Standards (3)                     

 

Management                                                                                                                   6 credits

BUS 670        Advanced Operations Management (3)                               

MAN 510        Management Ethics (3)                                    

 

Accounting Electives                                                                                                     3 credits

One course from:

ACC 540        Fraud Examination (3)                                                  

ACC 541        Forensic Accounting Applications (3)                                 

ACC 542        Forensic Accounting Practice Issues (3)                             

ACC 543        Computer Auditing and Investigation (3)                            

ACC 605        Seminar in Accounting Theory (3)                        

ACC 755        Seminar: Selected Topics in Accounting (3)             

ACC 781        International Taxation (3)                                             

ACC 783        Tax Research (3)                                                       

ACC 785        Taxation of Estates, Trusts and Gifts (3)                            

ACC 786        Advanced Corporate Taxation (3)                         

ACC 788        "S'' Corporation and Partnership Taxation (3)                       

ACC 790*       Accounting Internship I (3)                                            

 

Electives                                                                                                          6 credits

Two courses from any of the above listed Accounting Electives, or the following:

ACC 791*       Accounting Internship II (3)                                           

BUS 536        Entrepreneurship (3)                                                    

BUS 673        Management Writing and Reporting (3)                              

BUS 707        Marketing of Services (3)                                              

BUS 771        International Business Law (3)                                       

BUS 775        International Business (3)                                             

ECO 671        International Economics (3)                                           

FIN  772        International Finance and Banking (3)                                 

 

*These courses are available with some restrictions and only with the advanced approval of the MAC Program Coordinator.

 

Prerequisites

Although an undergraduate degree in accounting or its equivalent is a prerequisite for admission to the MAC, it is possible for an applicant to be admitted to the MAC program with a baccalaureate degree in another business discipline or some other discipline if he or she agrees to complete the prerequisites for the MAC program.  Each prerequisite must be taken before the student may take the advanced graduate course related to the prerequisite, e.g., ACC 303 before ACC 503. Thus, a student may be taking both undergrad and grad courses at the same time until the prerequisites are completed. The prerequisites as expressed in terms of St. Thomas University courses are as follows:

 

Prerequisite Courses                                                                                     

ACG 2001+2011  Principles of Accounting I + II (6)                               

ACG 3101+3111    Financial Accounting I + II (6)                                  

ACG 3301       Management Accounting I: Cost Principles (3)                    

ACG 3401       Accounting Information Systems (3)                                

TAX 3001       Federal Income Tax (3)                                              

ACG 4201       Advanced Accounting (3)                                             

or

ACG 4501       Governmental and Institutional Accounting (3)                    

ACG 4651       Auditing (3)                                                             

BUL 2241       Business Law I (3)                                                   

BUL 3247       Business Law II (3)                                                  

Business and economics courses (upper division) (12 to 18)                               

 

Total prerequisite credits                                                                                           48 to 52

 

If a student is admitted without one or more prerequisites, he or she must complete the prerequisite course(s) with a grade of B or higher before he/she can take the graduate course(s) for which the prerequisite(s) is (are) necessary.

 

Some students with an undergraduate degree in accounting may be interested in completing their graduate accounting education by earning our MBA specialization in Accounting or Master of Science in Management (MSM) specialization in Management Accounting.  Although the general admission requirements for the MBA and MSM differ from those for the MAC, the above listed accounting prerequisites are the same for all three graduate programs.
MASTER OF ACCOUNTING - Taxation 30 credits

Accounting                                                                                                                      15 credits

ACC 502        Advanced Auditing (3)                                                  

ACC 503        Management Accounting II - Cost Analysis (3)                 

ACC 504        Advanced Accounting Information Systems (3)                   

ACC 505        Advanced Taxation (3)                                               

ACC 508        International Financial Reporting Standards (3)                   

 

Management                                                                                                                   6 credits

BUS 670        Advanced Operations Management (3)                             

MAN 510        Management Ethics (3)                                    

 

Taxation Specialization

The MAC students must be admitted to the specialization before applying for graduation. The specialization in Taxation is designed for the Master of Accounting students who wish to expand their knowledge in the area of taxation. Many candidates for the specialization will be practicing public accounting professionals desiring to improve their skills. For this reason, a practical viewpoint will prevail, i.e., an emphasis on case-problem solution analysis.

The MAC student must be admitted to the specialization before applying for graduation. ACC 505 Advanced Taxation must be completed prior to registering for the courses below.  The graduate specialization will be awarded to those who complete three courses (9 graduate credit hours) at St. Thomas University from the following graduate taxation courses at the same time as they complete the MAC degree:

ACC             755*       Seminar: Selected Topics in Accounting (3)            

ACC             781        International Taxation (3)                                            

ACC             783        Tax Research (3)                                                      

ACC             785        Taxation of Estates, Trusts and Gifts (3)                          

ACC             786        Advanced Corporate Taxation (3)                        

ACC             788        "S" Corporation and Partnership Taxation (3)           

*Taxation topics only, e.g., Seminar: State and Local Taxation.

 

Prerequisites

Although an undergraduate degree in accounting or its equivalent is a prerequisite for admission to the MAC, it is possible for an applicant to be admitted to the MAC program with a baccalaureate degree in another business discipline or some other discipline if he or she agrees to complete the prerequisites for the MAC program.  Each prerequisite must be taken before the student may take the advanced graduate course related to the prerequisite, e.g., ACC 303 before ACC 503. Thus, a student may be taking both undergrad and grad courses at the same time until the prerequisites are completed. The prerequisites as expressed in terms of St. Thomas University courses are as follows:

 

Prerequisite Courses                                                                                     

ACG 2001+2011  Principles of Accounting I + II (6)                                

ACG 3101+3111    Financial Accounting I + II (6)                                  

ACG 3301       Management Accounting I: Cost Principles (3)                    

ACG 3401       Accounting Information Systems (3)                                

TAX 3001       Federal Income Tax (3)                                              

ACG 4201       Advanced Accounting (3)                                             

or

ACG 4501       Governmental and Institutional Accounting (3)                    

ACG 4651       Auditing (3)                                                             

BUL 2241       Business Law I (3)                                                   

BUL 3247       Business Law II (3)                                                   

Business and economics courses (upper division) (12 to 18)                              

 

Total prerequisite credits                                                                                           48 to 52

 

If a student is admitted without one or more prerequisites, he or she must complete the prerequisite course(s) with a grade of B or higher before he/she can take the graduate course(s) for which the prerequisite(s) is (are) necessary.

 

Some students with an undergraduate degree in accounting may be interested in completing their graduate accounting education by earning our MBA specialization in Accounting or Master of Science in Management (MSM) specialization in Management Accounting.  Although the general admission requirements for the MBA and MSM differ from those for the MAC, the above listed accounting prerequisites are the same for all three graduate programs.
MASTER OF ACCOUNTING - Forensic 30 credits

 

 

Accounting                                                                                                                      15 credits

ACC 502        Advanced Auditing (3)                                                 

ACC 503        Management Accounting II - Cost Analysis (3)                    

ACC 504        Advanced Accounting Information Systems (3)                   

ACC 505        Advanced Taxation (3)                                                

ACC 508        International Financial Reporting Standards (3)                    

 

Management                                                                                                                   6 credits

BUS 670        Advanced Operations Management (3)                              

MAN 510        Management Ethics (3)                                   

 

 

Forensic Accounting Specialization

The specialization in Forensic Accounting is designed for the Master of Accounting students who wish to expand their knowledge in the broad area of forensic accounting. Courses in this specialization are designed to provide the accountant with a broad base of knowledge across the field of forensic accounting and more specialized knowledge within the areas of fraud and computer applications and investigation.  Forensic accounting career opportunities are available with private companies, government agencies, public accounting and consulting firms, as well as in specialized individual practices.

                       

The MAC student must be admitted to the specialization before applying for graduation. ACC 502 Advanced Auditing must be completed prior to registering for the courses below.  The graduate specialization will be awarded to those who complete three courses (6 credits) at St. Thomas University from the following forensic accounting courses at the same time as they complete the MAC degree:

ACC 540        Fraud Examination (3)                                                   

ACC 541        Forensic Accounting Applications (3)                               

ACC 542        Forensic Accounting Practice Issues (3)                           

ACC 543        Computer Auditing and Investigation (3)                         

 

Prerequisites

Although an undergraduate degree in accounting or its equivalent is a prerequisite for admission to the MAC, it is possible for an applicant to be admitted to the MAC program with a baccalaureate degree in another business discipline or some other discipline if he or she agrees to complete the prerequisites for the MAC program.  Each prerequisite must be taken before the student may take the advanced graduate course related to the prerequisite, e.g., ACC 303 before ACC 503. Thus, a student may be taking both undergrad and grad courses at the same time until the prerequisites are completed. The prerequisites as expressed in terms of St. Thomas University courses are as follows:

 

Prerequisite Courses                                                                                     

ACG 2001+2011  Principles of Accounting I + II (6)                                

ACG 3101+3111    Financial Accounting I + II (6)                                   

ACG 3301       Management Accounting I: Cost Principles (3)                    

ACG 3401       Accounting Information Systems (3)                                  

TAX 3001       Federal Income Tax (3)                                                     

ACG 4201       Advanced Accounting (3)                                                  

or

ACG 4501       Governmental and Institutional Accounting (3)                    

ACG 4651       Auditing (3)                                                                     

BUL 2241       Business Law I (3)                                                           

BUL 3247       Business Law II (3)                                                        

Business and economics courses (upper division) (12 to 18)                                

 

Total prerequisite credits                                                                                           48 to 52

 

If a student is admitted without one or more prerequisites, he or she must complete the prerequisite course(s) with a grade of B or higher before he/she can take the graduate course(s) for which the prerequisite(s) is (are) necessary.

 

Some students with an undergraduate degree in accounting may be interested in completing their graduate accounting education by earning our MBA specialization in Accounting or Master of Science in Management (MSM) specialization in Management Accounting.  Although the general admission requirements for the MBA and MSM differ from those for the MAC, the above listed accounting prerequisites are the same for all three graduate programs.


Contact Graduate Adviser Dr. Reese, Program Director, creese@stu.edu at 305-628-6623


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